Hi Cheri. Welcome to FitDay!
It sounds like you've chosen the correct lifestyle. If you go to the next lower setting it certainly wouldn't hurt; it would be more conservative and the result would be that you'd be burning less calories per day, so you'll be eating less to stay within your calorie balance. But I think you'll be fine. You can see how it works and then adjust it later if need be.
Don't forget to add sleep as an activity.
Check out the link below which will give you some tips, but it sounds like you've got a great start!
Think of food as fuel for the body instead of feeding emotions